USD_ DXZ23 [Contract change soon]
Weekly – In the September 2023 uptrend now testing the support level. Trade pressures are down. Volumes remain bearish.
Daily – Flat. Rising off the 200 day MA to test the upper band of the downward channel. Trade pressures are rising into the neutral zone. Volumes are neutral.
Tested the LML. The next target down is 100.93 which is also the oversold level
A close above 103.53 would signal higher. The expected overbought levels are then 108.05.
US30YR T-BOND_ USH24
Weekly – In the October 2021 downtrend but rising to resistance. Trade pressures remain up. Volumes remain bullish.
Daily – Flat. Stopped out of the short for a loss. (Need to pay attention to the weekly time frame pressures.) In the move up from 114-12 on 11/14. Trade pressures are up. Volumes are now bullish.
The next target up 120-20. Expected overbought levels are 118-21.
A close below 117-04 would signal lower. The expected oversold levels remain 114-19.